Mexican chain buys big load of Thai rice
By THE NATION

 

BANGKOK: -- THE COSTCO-MEXICO superstore has imported 112 tonnes of Thai rice for distribution to its 32 branches in 18 Mexican states.

 

The move is part of a coordination between the Thai Trade Centre in Mexico and Otis McAllister Co Ltd – a US-based importer of Thai rice – to promote the product and expand its presence in Central America market through their distribution channels in the US.

 

According to the Thai Commerce Minister Apiradi Tantraporn, Costco is also willing to join the Thai Trade Centre to organise marketing campaigns for Thai rice to expand its market share in Mexico.

 

Malee Choklumlerd, the Department of International Trade Promotion’s director-general, said that the ministry had positioned Mexico as the base to distribute Thai rice in Central America, especially Panama and Cuba. 

 

Full story: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30304181

 

-- © Copyright The Nation 2017-01-16

112 tons...why is this news. Whats next?? Frenchman buys fish from a Thai market

Well, hope some of the plastic rice has not gone there!

112,000 tonnes would of been a worth while story.

Turning the 2015 numbers around is probably what's hopeful behind that small 112 tonne deal. TTP may help when the Don kills it.

 

Quote

In 2015 Thailand exported 16,167 tonnes of rice worth US$6.6 million (Bt234 million) to Mexico, while Mexico imported 781,000 tonnes of rice worth $273 million from the US.

 

They could've waited to announce it after it was boiled....that would be a much bigger story.

My god, I could have supplied this directly.

 

Big story, fantastic for balance of trade.

Be interesting to see if the Commerce Minister will be using rice brokers for this deal or allow 8,000 rice farmers to deal directly with Costco. After all, the rice farmers in the former will get less profits than the latter.

I agree with SPHERE !

6 hours ago, optad said:

Turning the 2015 numbers around is probably what's hopeful behind that small 112 tonne deal. TTP may help when the Don kills it.

 

 

So Thai rice cannot compete with US rice that is astounding. 

7 minutes ago, elgordo38 said:

So Thai rice cannot compete with US rice that is astounding. 

90% of Mexico's rice imports comes from the US.

Just now, Srikcir said:

90% of Mexico's rice imports comes from the US.

Must be in payment for the new cars heading north. 

good old thia visa, brings out the grumpy old man syndrome, thank christ non of you, have thai citizenship, not one positive post,